Suburb Profile Report for Launching Place VIC (3139)

Launching Place House: Median price $440,750, Annual capital growth 6.32%, Number of sales 36, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Launching Place has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.48%

While Launching Place,3139 ranked number 427th in VIC for increase in median house value (annualised) increase, it is ranked 375th over the last 5 years.

Property investors looking for a bargain in Launching Place should be aiming for at least -4.79% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Launching Place the average time real estate has been on the market is 40.41 days.

Metrics i HOUSE UNIT
$440,750 N/A
1.32% N/A
14.48% N/A
6.32% N/A
N/A N/A
36 N/A
N/A N/A
40.41 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2491
Median household income ($/weekly) 1185
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 379 15.2
    25-34 years 245 9.8
    35-44 years 374 15.0
    45-54 years 397 15.9
    55-64 years 347 13.9
    Others 749 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 896 51.4
    Not Married 640 36.7
    Defacto Relationship 207 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2009 86.9
    Greece 23 1.0
    New Zealand 28 1.2
    Papua New Guinea 23 1.0
    United Kingdom 163 7.1
    Others 65 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1166 54.3
    No Religion 956 44.5
    Other Religious Groups 14 0.7
    Buddhism 8 0.4
    Hinduism 5 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 87 12.1
    $800-$999 74 10.3
    $1,000-$1,249 87 12.1
    $1,500-$1,999 98 13.6
    $2,000-$2,499 82 11.4
    Others 292 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 727 39.9
    Not in the labour force 534 29.3
    Employed, worked part-time 425 23.3
    Employed, away from work 84 4.6
    Unemployed, looking for work 52 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 153 12.3
    Technicians & trades workers 269 21.7
    Community & personal service workers 139 11.2
    Clerical & administrative workers 161 13.0
    Labourers 144 11.6
    Others 376 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 42 7.3
    Infants/Primary 232 40.2
    Secondary 174 30.2
    Technical or Further Educational Institution 58 10.1
    University or other Tertiary Institutions 53 9.2
    Others 18 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1727 75.7
    Semi-detached, row or terrace house, townhouse 547 24.0
    Flat, unit or apartment 4 0.2
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 461 57.8
    Fully owned 265 33.2
    Rented 66 8.3
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals